Tensions Continue Between County Commissioners and Bay Health Foundation

Tensions continue between Bay County Commissioners and the Bay Health Foundation, which oversees Bay Medical Sacred Heart.

The two sides have been at odds over the county getting a voting position on the hospital board, and the hospital's pension fund.

The county claims the pension is under-funded, but Monday GRS Financial Service told foundation members it's not unusual for pension plans to have unfunded liabilities that are paid-off over a 15 to 30-year period.

Bay Medicals plan is on track to pay-off the debt in 11-years.


8195 Front Beach Road Panama City Beach, FL 32407 Station: 850-234-7777 News: 850-230-5221 Fax: 850-233-6647 FCC Form 398
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 200048151 - wjhg.com/a?a=200048151
Gray Television, Inc.